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Financial Confidence In 2016, the National Steering Committee for Financial Literacy established a Research Sub-Committee to provide it, and the Financial Literacy Leader, expert advice based on robust empirical evidence. This past April, the Sub-Committee issued its progress report on the major themes and emerging trends from studies contributing to the delivery of the National Strategy for Financial Literacy. | June, 2018 |
Youth Financial Literacy Another study reviewed by the National Steering Committee for Financial Literacy’s Research Sub-Committee assessed the relative performance of Canadian youth in financial literacy. Some 87 percent of Canadian students performed at or above Level 2 (baseline level of financial literacy), defined by the OECD as allowing them “to participate fully in modern society”. | June, 2018 |
An Innovative Approach to Reaching Canadians and Encouraging Budgeting Behaviour International research has identified budgeting as a key component of effective money management. Budgeting helps consumers to prioritize spending to ensure that they will have enough money for the things they need and want. | June, 2018 |
Ontario and BC Add Financial Literacy to School Curricula Ontario has announced it will build financial skills into the Grade 10 Career Studies Course. In November 2017, Minister of Education Mitzie Hunter announced that financial literacy will be part of the course in September 2018... | February, 2018 |
National Financial Literacy Strategy Update: Workplace Financial Literacy The Financial Consumer Agency of Canada (FCAC) is continuing its work to help Canadians develop the knowledge, skills, and confidence to make responsible financial decisions... | February, 2018 |
Financial Consumer Agency of Canada – Update from the Workplace Financial Literacy Working Group The CLHIA is participating on behalf of the industry in a working group focused on financial literacy in the workplace... | February, 2018 |
Empowering positive financial habits: A new mobile app for budgeting At the Financial Consumer Agency of Canada (FCAC) we are finding innovative ways to improve the financial literacy of Canadians... | July, 2017 |
National Financial Literacy strategy update In June, National Financial Literacy Leader Jane Rooney gave an update to the CLHIA Committee on Financial Literacy on the work being done at the national level... | July, 2017 |
Communicating Complexity How FSCO used behavioural science to grab drivers’ attention | November 2016 |
Clear Communication Practices One of the most frequent criticisms of financial contracts, and terms and conditions is that they are full of confusing legalese. | November 2016 |